Goodbaby buys German baby car seat maker, statement says

Chinese stroller maker Goodbaby International Holdings Ltd (01086.HK) has bought the entire issued share capital of Germany-based Columbus Holding GmbH, seller of CYBEX and CBX durable baby products, according a Goodbaby statement Tuesday. The deal is worth 70.7 million euro (US$96.71 million) and Goodbaby will issue 100 million new shares to raise 32.2 million euro to help fund the purchase, it said. The move is part of Goodbaby’s push into the global car safety seats market. The companies will share their existing distribution networks in Europe and Asia to mutual benefit, according to the statement.

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